Pricing for February Reserve Bank of Australia rate cut jumps after the strong jobs report ...Middle East

Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)

continued to show a resilient and tight labour market.

You may be asking why the RBA would cut with such a tight jobs market. I know I am. The why is the Bank is under pressure to cut. Not least from the government ahead of a likely May election. Yes the RBA is independent ... but not THAT independent.

AUD/USD popped to 0.6248.

This article was written by Eamonn Sheridan at www.forexlive.com.

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